Is Dow the New Sotheby’s?

Is Dow the New Sotheby’s?

Dow Chemical, in the face of several large projects within the next few years, is projected to double its company earnings by 2018. Currently, the chemical company is settled at an earning rate of $3 a share, with insiders predicting an increase to $6 a share by 2018....
Dan Loeb Fires Back with ‘Value Sothebys’ Website

Dan Loeb Fires Back with ‘Value Sothebys’ Website

Last week, Sotheby’s released an online presentation regarding the Third Point nominees for its board, citing that they had ‘no incremental experience’ to join. Third Point has now shot back with a presentation of its own, creating a website called ValueSothebys.com...
Daniel Loeb’s Third Point Takes Sotheby’s to Court

Daniel Loeb’s Third Point Takes Sotheby’s to Court

Last fall, Daniel Loeb, activist investor and hedge fund manager for Third Point, declared a large stake in Sotheby’s and likened it to “an old master painting in desperate need of restoration” in a letter to its board. In the letter, Loeb called the auction house out...